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The Economic Times
The Economic Times

Ola Electric loss narrows to Rs 336 crore, revenue down 45%

Bhavish Aggarwal Ola Electric NMC LFP Shakti

Electric two-wheeler maker Ola Electric reported a narrower net loss of Rs 336 crore in the June quarter, from Rs 428 crore a year ago, helped by lower operating expenses, while revenue slumped 45% due to lower vehicle sales.

The Bhavish Aggarwal-led company reported revenue from operations of Rs 455 crore for the June quarter, down from Rs 828 crore a year earlier, according to its stock exchange filing.

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